The firm has sold a 108,000 sq. ft industrial unit at Wellheads Terrace in Aberdeen for £12.1 million and a muli-let property in Edinburgh's George Street for £6.95 million.

In the Aberdeen sale, Savills acted on behalf of Pears Property Advisers, who sold the property on to Knight Frank Investment Management – acting on behalf of Lancashire County Pension Fund – in a deal delivering an initial net yield of seven per cent.

The property is currently let to Petrowell Ltd and Well-Centric Oilfields Services, with the lets generating a total annual income of £897,013.

Nick Penny, director of investment at Savills, said: “We are extremely pleased with the price achieved on behalf of our client, which reflects the strength of the Aberdeen market and the lack of industrial assets of this size that are being traded.”

In Edinburgh, Savills have concluded the sale of a 22,000 sq. ft, six floor property at 111-115 George Street to clients of DTZ Investment Management, bringing an initial yield of 5.88 per cent.

Stonegate Pub Co, trading as The Living Room, currently occupies the ground floor on a long-term lease and Montpellier Ltd occupys the basement on a 13-year lease.

The four floors above ground are fully let to a number of office occupiers on short-term leases.

Overall, the property generates an overall annual rent of £479,500.

Penny said: “The property offered a strong investment, combining longer term secure income on the ground and basement alongside opportunities for asset management on the upper four floors.

“The yield reflects the rarity of an asset coming to market on George Street against a backdrop of a continually outperforming Edinburgh office market.”